24 November 2017
G&D advises the founders and certain other shareholders in EQT’s investment in Epidemic Sound
The EQT Mid Market Europe fund is partnering up with Epidemic Sound (or “the Company”) together with the Company’s founders and the investor Creandum (which also holds a stake in Spotify and will increase its ownership in the Company in conjunction with the transaction). Following the investment, the approximate ownership split is the EQT Mid Market fund 40%, Epidemic Sound founders 40% and Creandum 20%.
Founded in 2009 and headquartered in Stockholm, Sweden, Epidemic Sound is a new breed of music company, offering a high-quality music library, primarily targeting video content production clients, in-store music and streaming platforms. Epidemic Sound works closely with talented composers and musicians across genres and geographies, whose music makes up the Company’s cloud-based platform, containing over 30,000 tracks.
G&D advises Epidemic Sound’s founders and certain other shareholders with a team consisting of Partner Dick Lundqvist and Associates Oscar Anderson and Karin Källström.